Citigroup (NYSE: C)‘s stock had its “equal weight” rating reiterated by Evercore Partners in a research note issued on Tuesday, StockRatingsNetwork reports. They currently have a $53.00 price objective on the stock, up from their previous price objective of $51.00. Evercore Partners’ price target points to a potential upside of 2.30% from the stock’s previous close.
Citigroup (NYSE: C) traded down 0.19% on Tuesday, hitting $51.71. Citigroup has a 1-year low of $24.91 and a 1-year high of $53.56. The stock’s 50-day moving average is currently $49.71. The company has a market cap of $157.3 billion and a price-to-earnings ratio of 19.05.
Citigroup (NYSE: C) last issued its quarterly earnings data on Monday, July 15th. The company reported $1.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.18 by $0.07. The company had revenue of $20.50 billion for the quarter, compared to the consensus estimate of $19.67 billion. During the same quarter in the prior year, the company posted $0.95 earnings per share. The company’s quarterly revenue was up 11.5% on a year-over-year basis. On average, analysts predict that Citigroup will post $4.73 earnings per share for the current fiscal year.
A number of other firms have also recently commented on C. Analysts at Barclays Capital raised their price target on shares of Citigroup to $58.00 in a research note to investors on Tuesday. Separately, analysts at Sterne Agee raised their price target on shares of Citigroup from $56.00 to $61.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Citigroup from $59.00 to $62.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock.
One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. Citigroup has an average rating of “Buy” and a consensus target price of $54.28.
Citigroup Inc (NYSE: C) is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management.
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